It is still playing. Can do nothing right now.
Yes happened to me too, might not enter anymore, I mean you don't even get any player gains, skill progression or records counted towards.
F.C. United
League Won 11
League Runner up 4
Cup Won 3
Cup Finalist 3
Champions League Won 5
Champions League Finalist 9
Season 23 Level 23
United Til I Die
League Won 12
League Runner Up 4
Champions League Won 2
Champions League Finalist 7
Cups Won 1
Cup Finalist 2
Season 32 Level 27 (Retired)
Lost my association final. Good. First time lose in association final.